Red ink at RBA with A$6b loss
The central bank may not get back to a positive equity position until 2030.
The RBA purchased around A$330b in government debt during the pandemic.
Lachlan Colquhoun
Fri, 20 Oct 2023
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While Australia’s big commercial banks continue to post billion dollar profits, the country’s central bank is awash in red ink after posting another accounting loss of A$6b.
The Reserve Bank of Australia’s annual report, released yesterday, shows that the $6b loss follows an even bigger loss
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Lachlan Colquhoun
Fri, 20 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Red ink at RBA with A$6b loss
Australia,
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